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-In the Figure Above, the Demand Curve Shifts Rightward from D0

Question 55

Multiple Choice

-In the figure above, the demand curve shifts rightward from D<sub>0</sub> to D<sub>1</sub> so that D<sub>1</sub> is the relevant demand curve. Suppose the government imposes a rent ceiling of $500 per month. In the short run there will be A) a surplus of apartments. B) a shortage of 200,000 apartments. C) a shortage of 300,000 apartments. D) neither a shortage nor a surplus of apartments.
-In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of $500 per month. In the short run there will be


A) a surplus of apartments.
B) a shortage of 200,000 apartments.
C) a shortage of 300,000 apartments.
D) neither a shortage nor a surplus of apartments.

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